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Fly News Breaks for August 5, 2015
ABCO
Aug 5, 2015 | 09:48 EDT
Piper Jaffray noted that Advisory Board's Q2 revenue missed consensus and the company cut guidance due to its newly acquired Royal missing targets due to executive departures. However, the firm noted that Advisory Board has started integrating the business more tightly and made incentive plan changes to address the situation. The firm increased its price target on the stock to $67 from $59 due to a reacceleration in its core business and keeps an Overweight rating on the stock.
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